By B.P.T., on April 26th, 2011
At 7:45 AM EDT, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.
At 8:55 AM EDT, the weekly Redbook report will be released, giving us more information about consumer spending.
At 9:00 AM EDT, the monthly S&P/Case-Shiller home price index report will be released. Given that most economists don’t expect the overall U.S. economy to improve until housing prices end their decline, the market will be watching this number closely.
At 10:00 AM EDT, the monthly report on Consumer Confidence for April will be released. The consensus index level is 65.0, which would be a 1.6 point increase from March’s number.
Also at 10:00 AM EDT, the State Street Investor Confidence Index will be released, which looks at changes in the amount of equities held in the portfolios of institutional investors.
By B.P.T., on March 29th, 2011
At 7:45 AM EDT, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.
At 8:55 AM EDT, the weekly Redbook report will be released, giving us more information about consumer spending.
At 9:00 AM EDT, the monthly S&P/Case-Shiller home price index report will be released. Given that most economists don’t expect the overall U.S. economy to improve until housing prices end their decline, the market will be watching this number closely.
At 10:00 AM EDT, the monthly report on Consumer Confidence for March will be released. The consensus index level is 64.0, which would be a 6.4 point decrease from February.
Also at 10:00 AM EDT, the State Street Investor Confidence Index will be released, which looks at changes in the amount of equities held in the portfolios of institutional investors.
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By B.P.T., on February 22nd, 2011
At 9:00 AM EST, the monthly S&P/Case-Shiller home price index report will be released. Given that most economists don’t expect the overall U.S. economy to improve until housing prices end their decline, the market will be watching this number closely.
At 10:00 AM EST, the monthly report on Consumer Confidence for February will be released. The consensus index level is 65.0, which would be a 4.4 point increase from January.
Also at 10:00 AM EST, the State Street Investor Confidence Index will be released, which looks at changes in the amount of equities held in the portfolios of institutional investors.
By B.P.T., on January 25th, 2011
At 7:45 AM EST, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.
At 8:55 AM EST, the weekly Redbook report will be released, giving us more information about consumer spending.
At 9:00 AM EST, the monthly S&P/Case-Shiller home price index report will be released. Given that most economists don’t expect the overall U.S. economy to improve until housing prices end their decline, the market will be watching this number closely.
At 10:00 AM EST, the monthly report on Consumer Confidence for January will be released. The consensus index level is 54.3, which would be a 1.8 point increase from December’s unexpectedly low number.
Also at 10:00 AM EST, the FHFA House Price Index for November will be released, providing more information about the direction of the housing market.
By Eldon Mast, on December 28th, 2010
U.S. retailers put a bow on a positive 2010 and registered their best performance in five years according to preliminary reports released on Monday.
Holiday sales jumped 5.5 percent as consumers returned to retailers across the board including high-end Macy’s Inc., Tiffany’s. and Bloomingdale’s.
Consumers were out in full forces at most every chain and also increased their spending on the Web. Their spending, which accounts for about 70 percent of the U.S. economy, is a further positive sign for a sustained recovery heading into 2011.
“Increasing confidence has freed up more money from savings,” said Michael McNamara, a vice president at New York-based SpendingPulse. “We are seeing this momentum building and being sustained.”
Apparel sales grew the fastest in the 50 days before Christmas, with an 11 percent gain, more than 10 times the pace of last year.
Reports just before Christmas showed that consumer confidence climbed in December to the highest level in six months and that U.S. jobless claims continue to fall with job openings on the rise.
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By B.P.T., on December 28th, 2010
At 7:45 AM EST, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.
At 8:55 AM EST, the weekly Redbook report will be released, giving us more information about consumer spending.
At 9:00 AM EST, the monthly S&P/Case-Shiller home price index report will be released. Given that most economists don’t expect the overall U.S. economy to improve until housing prices end their decline, the market will be watching this number closely.
At 10:00 AM EST, the monthly report on Consumer Confidence for December will be released. The consensus index level is 57.4, which would be a 3.3 point increase from November’s number.
Also at 10:00 AM EST, the State Street Investor Confidence Index will be released, which looks at changes in the amount of equities held in the portfolios of institutional investors.
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By Eldon Mast, on December 13th, 2010
Retail revenues probably rose in November for a fifth consecutive month as American shoppers began their holiday purchases. Reports later this week will show consumers are returning to the stores in greater numbers and spending more than in recent holiday shopping seasons.
The consensus among economists surveyed is for a 0.7 percent gain in November. That would follow a 1.2 percent October increase.
“The holiday season is running at a pretty strong pace,” said Guy LeBas, of Janney Montgomery Scott LLC in Philadelphia. “There’s a broad-based uptick in sales helped by aggressive discounts.”
The National Retail Federation has forecast November- December holiday sales will rise by 2.3 percent from a year ago, the most since 2006. A Bloomberg survey taken Dec. 2 to Dec. 8 showed economists raised projections for consumer purchases, the biggest part of the economy, to 2.6 percent for next year, up from their 2.3 percent estimate the prior month.
Retailers will also benefit from consumer confidence, which rose in December to the highest level in six months — that according to the Reuters/University of Michigan report released last week.
“As we look at November into December, we see strength across the store,” says Chief Financial Officer Carol Tome of Home Depot.
A strong holiday showing by retailers will be additional evidence that the U.S. economic recovery is starting to fire on multiple cylinders.
By Eldon Mast, on December 1st, 2010
On Tuesday, Chicago manufacturing reports and Consumer Confidence led the good news of the day.
Chicagoland continues to report accelerating month-to-month growth in their manufacturing sector. New orders rose in November vs October to extend what is now extremely strong order growth trending. Production is now cranking and like other regions is raising the demand for manufacturing employment which was reported strong in November as well as October. The healthy production is also holding down and unfilled orders, which now reflect a contracting rate.
The Chicago report covers both non-manufacturing and manufacturing and indicates that we will continue to see strength in the nationwide purchasing reports for November also to be released this week.
Consumer confidence improved in November at a rate better than any economist had projected this month. The Conference Board’s reading jumped more than four points to 54.1 fueled by gains in their “expectations component.” That measurement points to overall improvement in future months.
Retail sales also moved higher in the November 27 week according to ICSC-Goldman’s index released on Tuesday. The improvement now registers a year-on-year rate of plus 3.5 percent. For November as a whole, ICSC-Goldman has measured a three to four percent year-year gain.
Redbook reported a spike higher in same-store retail sales during the week just past. Its reading at a plus 4.9 percent on-year rate is now the strongest retail growth rate of the whole recovery.
All of these reports underscore a solid recovery that is on track and jobs growth (particularly in manufacturing) that continues to increase.
By B.P.T., on November 30th, 2010
At 7:45 AM EST, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.
At 8:55 AM EST, the weekly Redbook report will be released, giving us more information about consumer spending.
At 9:00 AM EST, the monthly S&P/Case-Shiller home price index report will be released. Given that most economists don’t expect the overall U.S. economy to improve until housing prices end their decline, the market will be watching this number closely.
At 9:45 AM EST, the Chicago PMI Index for November will be announced. The consensus index value is 61, which is 0.4 points higher than last month, and is still well above the break-even level at 50.
At 10:00 AM EST, the monthly report on Consumer Confidence for November will be released. The consensus index level is 52, which would be a 1.8 point increase from October’s number.
Also at 10:00 AM EST, the State Street Investor Confidence Index will be released, which looks at changes in the amount of equities held in the portfolios of institutional investors.
At 3:00 PM EST, the Farm Prices report for October will be released, giving investors and economists an indication of the direction of food prices in the coming months.
At 8:00 PM EST, Federal Reserve Chairman Ben Bernanke and Cleveland Federal Reserve President Sandra Pianalto will discuss the economy with global, regional and local business leaders.
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By B.P.T., on October 26th, 2010
At 7:45 AM EDT, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.
At 8:55 AM EDT, the weekly Redbook report will be released, giving us more information about consumer spending.
At 9:00 AM EDT, the monthly S&P/Case-Shiller home price index report will be released. Given that most economists don’t expect the overall U.S. economy to improve until housing prices end their decline, the market will be watching this number closely.
At 10:00 AM EDT, the monthly report on Consumer Confidence for October will be released. The consensus index level is 50, which would be a 1.5 point increase from September’s number.
Also at 10:00 AM EDT, the State Street Investor Confidence Index will be released, which looks at changes in the amount of equities held in the portfolios of institutional investors.
Also at 10:00 AM EDT, the FHFA House Price Index for August will be released, providing more information about the direction of the housing market.
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